Real Estate investing 101 - Rich people keep their money in real estate. Here are 6 ways you can make money in real estate. Hit the notification bell to see our videos and read our free eBook in this description! :)
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6 Ways To Make Money In Real Estate | How To Make Money In Real Estate & Real Estate Investing 101
0:26 - #1: Be a real estate agent
1:39 - #2: Wholesale real estate
3:14 - #3: Investing in real estate
4:22 - #4: Property management
4:50 - #5: Flipping real estate
5:30 - #6: Real estate development
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Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.
Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #FTM #ThinkMinority
Personal Instagram: @M2JaspreetSingh
This Video: https://youtu.be/-0mCNc79INI
Based in Detroit. #Punjab
Hey Jaspreet, could you make a topic or a reply about how to tell if a property is worth investing in or not? Im considering an apartment complex currently priced at $1.4M. Much appreciated and nice work!
Did two flips. $35,000 profit on the first and $130,000 profit on the second. Unintentionally, when I was ready to buy, the economy was low and when ready to sell, the economy was high. Now all my efforts are geared toward buying multi families to create rental income. In my opinion, passive rental income, even if it's not much, is far better than earned flip income.
Thanks Jaspreet. I've always wanted to go into real estate without money as I've hear Robert Kiyosaki say a thousand times. But I had no clue how so I went for stocks instead. I've been trading stocks selling put options for about 3yrs now which I love, but the second point you made here caught my attention when I heard option contracts. I watched this video on Monday and today being Wednesday, I've watched a lot of Real Estate wholesaling videos (all from the US of course), spoken to 2 solicitors with an appointment with a 3rd solicitor tomorrow. Obviously, it's not a well used practise here so it'll seem like they don't know what I'm saying. I've disqualified the 2 of them as one claimed to be too busy and the other said I have to get a real estate license which I know isn't true. Hopefully, the one I meet tomorrow has a clue. People have been saying this is not possible in Ireland where I live but after digging for a few hours, I found property option agreement documents for Ireland, so obviously it's legal here. I'll keep digging, just wanted to say thanks
I have 5 acres of undeveloped land in a fast growing area of Arizona. I want to subdivide the land, put two houses in it, and rent both houses out. Right now my cash flow struggles, but I am going to get my contractor license and start my own business. I may be one of my own best clients.
If you become a broker please please please learn to take good thorough pictures. If it’s a big property get a drone and take foot arial shots. Nothing more frustrating than an ad for a home with only 4-5 pictures and they are all in portrait and blurry.
I have a question for a real estate guru. I acquired a home at around $60,000 below value from family and want to turn a profit. The price for the house was set at $110,000 and is worth around $170,000. Our family friend is old and wanted to give us a good deal but also told us we can do whatever we choose with the property. This is all drawn up in a trust through a lawyer and we are on the deed of the property. We have a limited time to pay this house off at a fixed price of $110,000 but when this person passes we have 1 year to get a traditional loan to pay the balance, that means interest and probably a higher payment. The house needs some minor updating and repairs but nothing major. I would love to pay the home off then sell and make a nice profit but money is tight and we are on a fixed income. We are sitting on such a great deal and have no idea what we should do! The thought of this deal slipping through our hands is killing us, we don’t want to get a traditional loan and get robbed on all the interest and a 30 year loan if were not able to pay it off in time. Please help any recommendations? I would like to use this property as an impetus to start a career in real estate investing.
In India real estate is a good investment. I started my career 12 years ago. Lost some money to stock market and my unnecessary expenditure. I gave some money to my friends to help them. Obtaining that money is a big headache. Some of my friends started their career recently . They got decent rise in the real estate. I bought some land 6 years ago. And that’s a good investment. Renting your land to shops also good idea.My advice is never trust banks or stock market. Invest early in your career.
hi Alan from AareasE here I'm in the hopes of owning my own company in real estate. I'm coming from the path of just getting a licence in order to help create some exposure to property be sold in my market area. I just want to help people buy or sell property and receive a reasonable commission for my work done in the field as an agent!
just wanted to know if I can do the sales without joining a brokerage .???
thanks Alan from AareasE.
I've been driving big trucks for years now, something I wanted to do since I was a little child. Now my interest is real estate. I wanna learn as much as possible so I can teach my kids so maybe they will be smarter than I was growing up.
Man I really wish I could get in touch with you directly. I hope you can reply to this comment. Really want to know what kind of educational resources you would recommend to entrepreneurs who would like to buy and hold real estate also. Gary Kellers books? Any 2 sources would be great. Would love to get your recommendation Jaspreet.
I'm not him but I'm in RE and can help. There are a lot of free resources out there that'll teach you what you want. Check out the website biggerpockets.com, you can also simply search anything RE related here on youtube.
Jaspreet, do you have any experience with any of the following: American Home Preservation, EquityRoots, FundRise, Groundfloor, GridShare, Holdfolio, MinnowCFunding, RealtyMogul , Rich Uncles, Small Change, stREITwise, Venture.co ? If so, can you make a video on it please.
Jaspreet, question I own to properties currently have mortgage on both of them and looking to move to Texas. I have one of them currently rented and the one I'm currently living in it's a VA loan.
Is it possible for me to move and rent the one with the VA loan also and buy another one I can I do this?
Great video, I love how you break down everything and the different cuts make the content very clear. Sometimes i had to rewind though because my English listening skills couldn 't keep up, the majority of viewers probably has better listening skills :p
Jaspreet I love your videos. I have a full time job that pays me a good wage and my wife manages our real estate "investments" instead of spending money on very expensive cars and homes for ourselves. We have three right now. Lower end but they were VERY cheap to buy. It's working well so far! We are ALMOST debt free and I want to stay that way but using credit to invest more is something I don't want to do but need to so we can see really big bucks in the future. I can't get over this hurdle. Neither can my wife. We are much older than you so it's harder to think long term.
Well, in Ohio the law is clear. Real estate wholesaling without a license is ILLEGAL. It is unlawful to market a property you do not own except with the owner's permission by a LICENSED real estate agent. So, basically every single one of these you need to be rich to do.
Hey Jas, Minority minded.
I am a licensed Residential Builder and Master Carpenter in the Detroit area. I am always looking for homes to update,repair,or build from the ground up.
Look me up on FB.
I have a full lust of references and photos of my work.
I want to succeed by helping others be successful in their builds.
Thanks for the vid Jas.
Many blessings to all.
Great content. I gave a question for you jaspreet, you mentioned that you started investing in your early 20s. We're you living at home with your parents while you purchased your 1st property or did you move out and buy a home and use the equity on the home to make other real estate investments.
Using an Option contract to control the property until you assign (sell) the Option contract requires rendering consideration, which is very different from an Earnest Money Deposit (EMD). Consideration must be equitable and mutually agreed between the Optionor (seller) and the Optionee (buyer). A legally binding promissory note is valid consideration that legally binds the Option contract. Never offer a promissory note that you know you cannot redeem, because that is the same as offering a bogus personal check. The note must be redeemed regardless of whether you (or your assignee) exercise the Option contract or it expires. Never give the option consideration to the optionor, and have it escrowed with a neutral 3rd party escrow agent for delivery to the optionor at conclusion (i.e., exercise or expiration) of the Option contract.
You can also offer your "marketing services" with a mutually agreed value of, say, $100 as option consideration to bind the contract for 3 to 6 months.
Andrew Attard You analyze a potential property to buy and that includes things like vacancy, repairs, capital expenditures. Essentially, each month the rental income should be enough to pay all expenses, savings for future vacancies/repairs/CapEx, AND cash flow. If there's no left over money (cash flow), you don't buy it.
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